In an uncertain world you can rely on us to look out for your interests and pro-actively manage your overhead spending and supplier relationships.

Supplier Relationship Management

Building Strong
Supplier Relationships

Business-to-business vendor and buyer relationships tend to be complex because they typically involve a number of stakeholders in the buying organisation who will make collective decisions.

vendors and buyers have competing goals, differing needs, risks and opinions

These differences can, if the relationship is not properly managed, cause conflict, low productivity through protracted dispute resolution, unprofitable vendor margins necessary to sustain the relationship and in the worst case scenario, a complete breakdown in the relationship and even litigation.

Our diverse and comprehensive supply chain means we can source suppliers with the right capabilities and innovation, capacity and experience for each client. And proactively manage the relationship with them, on your behalf, going forward.

SRM

Chat With Us Today About Supplier Relationship Management

Supplier Relationship Management
SRM - Supplier Relationship Management Benefits

Supplier Relationship Management (SRM) should be focused on joint value creation based on trust, open communication and collaboration with a limited number of key suppliers. Count on Procuright to manage supplier relationships between you and the supplier, which will result in a variety of benefits, including;

Better Access to Supplier Innovation

Unique knowledge, resources, capabilities, talent, ideas and technology.

Better Access to New Products

Suppliers keep us updated of product and service enhancements; clients reap the benefits.

Focus on Core Business Functions

Adjust and redistribute budgets and personnel to core business functions.

Leveraging on Supplier Capabilities

You specialise in whatever products or services you sell; so does the supplier.

Department Alignment

Alignment between the rest of business, procurement and suppliers to achieve client goals.

Performance Enhancements

Increased supplier service percentages, improved on-time deliveries and SLAs.

Risk Management & Reduction

Identifying and mitigating risk as well as improving CSR as a result.

More Efficient Processes

Across procurement, finance and the business as a whole on categories of indirect spend.

Joint Value Creation

Achieving the different desired outcomes and goals required by both vendor and buyer.

Effective Resolutions

Keeping the relationship healthy with quick resolutions and a strengthened relationship.

Gain Compliance

Higher contract compliance rates and regulatory compliance across the business.

Cost Reduction

This may appear to conflict with the focus on value creation, but cost-saving is still a KPI.

Outsourced Supplier Relationship Management

By outsourcing non-core competencies, UK businesses are achieving security of supply, corporate social responsibility improvements, and on-going cost savings. Strategic partnerships are at the top of the corporate agenda of many organisations and Supplier Relationship Management (SRM) is seen as one of the few remaining procurement topics that can still make a significant difference.


However, many organisations encounter difficulties in initiating, developing and managing these relationships/ partnerships.

Many UK businesses cite the most important SRM objectives as leveraging supplier capabilities, realising supplier innovation, delivering cost savings and reducing supply risk exposure. Rely on Procuright to accomplish your goals with proactive outsourced supplier relationship management.

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